Comparing China’s GDP statistics with coincident indicators
Copyright policy )Comparing China’s GDP statistics with coincident indicators
Abstract We use factor analysis to summarize information from various macroeconomic indicators, effectively producing coincident indicators for the Chinese economy. We compare the dynamics of the estimated factors with GDP, and compare our factors with other published indicators for the Chinese economy. The estimated factors and the published coincident indicators match the GDP dynamics well and discrepancies are very short. The largest discrepancies may correspond to shocks affecting the growth process.
- VATT Institute for Economic Research Finland
- Bank for International Settlements Switzerland
- Bank of Finland Finland
China, ddc:330, principal component, O4, P2, GDP, factor models, C38, factor models; principal component; GDP; China, jel: jel:C30, jel: jel:O40, jel: jel:P20
China, ddc:330, principal component, O4, P2, GDP, factor models, C38, factor models; principal component; GDP; China, jel: jel:C30, jel: jel:O40, jel: jel:P20
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